A newly built six-bedroom, six-bathroom home is Mill Valley’s most expensive sale in 2023 at $12.1 million, Marin County’s year-to-date price, according to listing brokerage Compass’s Victoria Love. One of only five homes to sell for more than $12 million to date.
The 6,350-square-foot mansion was listed in mid-April for $12.5 million by Love and Compass agent Tina McArthur and Coldwell Banker agent Marcus Robinson. Love said it had a contract with two “very interested parties” and an offer just two weeks later.
The deal, which closed in mid-June for a little over $1,900 per square foot, was not reported until now.
Rob Wilkinson of Wilkinson Construction Group Love said he was the architect and developer. He bought the two-thirds of an acre property in 2018 for $2.2 million, according to public records. What was supposed to take one to two years ended up taking four years due to a combination of the pandemic, supply chain and weather delays, Love said in an email.
“Because of the pandemic, everything took longer than expected,” she explained.
Luckily, Wilkinson, based in Marin, has teamed up with San Rafael-based interior designer Star Pierce Design, who has incorporated indoor-outdoor living and an “impressive” home office near the main entrance, among other things. The must-haves of the coronavirus era were incorporated, so “nothing really has changed from the original design,” she said.
It’s that design, along with the lack of new construction in Marin, that made the home one of the few to break the $12 million mark this year, Love said. Buyers are drawn to the six “spacious” bedrooms, including one on the main level and a great room that opens to an infinity pool and terrace with views of the bay and San Francisco skyline.
The buyer was 12 Sky Road LLC, whose mailing address is the CPA’s office in Roseville, outside Sacramento, according to local and state records. The buyer was represented by Ben Faber of Compass. Faber did not respond to a request for comment, but Love said buyers were intrigued by the home’s style, which she described as “an earthy, modern vibe with a touch of ‘LA cool.'”
Marin’s two biggest single-family home sales of the year came early, when two Belvedere properties traded January and February About $14 million.In March, these deals also included Rossell Prices are also about the same. While the other top lots were new or recently renovated homes with stunning bay views, Ross auctioned off a 1970 Japanese-style home on 14 acres in largely pristine condition. Marin’s other big sale this year was the 80-unit Fairfax apartment complex, which sold in April to affordable housing provider MidPen Housing for nearly $23 million.
Luxury Marin sales have slowed compared to last year, with just seven sales exceeding $7.5 million between March and May this year, a drop of nearly 50% compared to spring 2022, according to Compass. Sales between $3 million and $7.5 million fell nearly 50%. The numbers are similar, while lower-priced homes are closer to last year’s numbers. Sales under $1 million in the county, mostly condos, were only 7% below last spring’s figure, despite days on market being longer than other price groups at 45 days.